After Google’s stock split, investors might have to choose whether to pay a few dollars more for voting rights, even if those rights give them little say over the company. Google (GOOG) co-founders Larry Page and Sergey Brin remain firmly in control of the Internet juggernaut, after the company paid a one-time dividend to existing shareholders, giving one new nonvoting share for each share already owned. Those new Class C shares on Thursday
Digital ad firm Rubicon Project’s stock jumped 34% in its Wednesday debut, kicking off what could be a strong Q2 IPO market following the biggest Q1 since 2000. “Things appear to be going well,” Rubicon (RUBI) CEO Frank Addante said in a midday phone interview from New York. The IPO is “just one milestone” for Rubicon as it eyes a big slice of the $100 billion online ad market, said Addante. Rubicon stock closed at 20.09 after rising as high as
Wireless phone companies have yet to gain traction in mobile wallets, and the new HCE software technology, which stores payment information in the Internet cloud, will make it even tougher for them. The fast-emerging HCE, or host card emulation, stores users’ payment information in the cloud rather than in a mobile phone’s hardware. It’s typically stored within the SIM (subscriber identity module) card in handsets that authenticate subscribers